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what is interesting, there is a big human cry on the cost of this program. back in 1980 -- i know that is a long time ago -- but back in 1980 the cost had grown to about $4.50 billion in current terms and half a million people were going through the program. that was a different time in this economy. that is when the steel, textiles, and auto industries were hit very hard. there have been a lot of reforms since then -- 1981, 2002, and again in 2009, that has really tightened the program. we are down to about 200,000 people, through the program right now at a cost of about a billion dollars. the program really has been reduced over time and has been really tightened to make sure that the program results and real adjustment and not just some compensation to workers who are losing their jobs. >host: according to the labor department, the eligibility requirements to get the trade adjustment act -- all requirements must be met. hours and wages reduced to 80% or less of weekly average. workers have been totally or partially laid off. sales or production have decli
what is interesting, there is a big human cry on the cost of this program. back in 1980 -- i know that is a long time ago -- but back in 1980 the cost had grown to about $4.50 billion in current terms and half a million people were going through the program. that was a different time in this economy. that is when the steel, textiles, and auto industries were hit very hard. there have been a lot of reforms since then -- 1981, 2002, and again in 2009, that has really tightened the program. we are...
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i'm a big supporter of biofuels. but one of the things that's become clear is, is that we need to accelerate our basic research in ethanol and other biofuels that are made from things like woodchips and algae as opposed to just focusing on corn, which is probably the least efficient energy producer of these various other approaches. and so i think that it's important for even those folks in farm states who traditionally have been strong supporters of ethanol to examine are we, in fact, going after the cutting-edge biodiesel and ethanol approaches that allow, for example, brazil to run about a third of its transportation system on biofuels. now, they get it from sugar cane and it's a more efficient conversion process than corn-based ethanol. and so us doing more basic research in finding better ways to do the same concept i think is the right way to go. q i believe you addressed this next one, so we're going to skip past it. the president: i did. q but from ryan: "i would cut defense spending." q and james: "i'd cut c
i'm a big supporter of biofuels. but one of the things that's become clear is, is that we need to accelerate our basic research in ethanol and other biofuels that are made from things like woodchips and algae as opposed to just focusing on corn, which is probably the least efficient energy producer of these various other approaches. and so i think that it's important for even those folks in farm states who traditionally have been strong supporters of ethanol to examine are we, in fact, going...
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but we can take a big step in the right direction. that's really what our country men and women want us to do. i'm glad that i got to hear part of the senators speech. i'm glad i have a chance to commend him for this leadership on the vexing and important problem that we need to deal with. >> i thank the senator. i yield the floor. >> u.s. senate today voted to continue moving forward with a nonbinding measure saying those earning more than $1 million should contribute more to federal debt reduction. they passed the motion to limit the debate, 74-22. after the vote, senate democratic leader harry reid announced no more votes in the senate. arizona republican said the senate gave up a week long 4th of july recess to work on debt ceiling and isn't accomplishing anything. we begin with kay hutchinson who opposes any tax relief. >> senate hutchinson, i was wondering the view that we've been terribly over worked this week. i understand that we canceled our 4th of july recess in order to get back here and get to work and do the people's bus
but we can take a big step in the right direction. that's really what our country men and women want us to do. i'm glad that i got to hear part of the senators speech. i'm glad i have a chance to commend him for this leadership on the vexing and important problem that we need to deal with. >> i thank the senator. i yield the floor. >> u.s. senate today voted to continue moving forward with a nonbinding measure saying those earning more than $1 million should contribute more to...
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big entitlement programs. st too is on and on this americy sustainable path. the average american pays about $110,000 into medicare over his or her life time. but on average, the average american was used to benefit mec over $300,000 undramatic care. there again, it is not tough. in that is unsustainable with the n average american pays $110,000 receives the benefit of theentlt $300,000.am. ycial security, and other huges entitlement program.s this year it's taking in less than its spending on current retirees. that did reckoning was going to be several years down the road. it has been accelerated. h it is here and it tears now,n right now. social security is taking in an giving tax revenue less than it's getting and paying out benefits to retirees. and so what does this mean thath been up and up so we have mores new debt under thisebt administration, more new debt ci under president, then the debt compiled under all of theed previous presidents combined rgth george bush to the nest geo george -- the latest ge
big entitlement programs. st too is on and on this americy sustainable path. the average american pays about $110,000 into medicare over his or her life time. but on average, the average american was used to benefit mec over $300,000 undramatic care. there again, it is not tough. in that is unsustainable with the n average american pays $110,000 receives the benefit of theentlt $300,000.am. ycial security, and other huges entitlement program.s this year it's taking in less than its spending on...
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you see the big one and go for it. this would reduce the funds that we are giving to the afghanistan security forces by $4 billion. they still have 2/3 and reduce it by $4 billion and return those funds to help the deficit. the $12.8 billion allocated to this fund is equivalent to the g.d.p. of afghanistan. they are at $$16 billion. let's understand this, we are giving the afghanistan people their entire g.d.p. and borrowing it from china and other places. this makes no sense. and we need to go after the big whale. six times the total annual revenue of the afghan government is what we are giving them. i understand these funds are used to provide assistance to the security forces of afghanistan and providing training and equipment supplies. i have seen soldiers killed over there. my constituents that were killed by afghanistan soldiers that we trained. we don't know which ones are taliban and we are training them and giving them weapons. roughly $6 billion of the $12.8 billion is for salaries and benefits. in light of t
you see the big one and go for it. this would reduce the funds that we are giving to the afghanistan security forces by $4 billion. they still have 2/3 and reduce it by $4 billion and return those funds to help the deficit. the $12.8 billion allocated to this fund is equivalent to the g.d.p. of afghanistan. they are at $$16 billion. let's understand this, we are giving the afghanistan people their entire g.d.p. and borrowing it from china and other places. this makes no sense. and we need to go...
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because people look at them for some big boats, big on health care reform or some other big matters, on what to do about epa regulation over osha regulations, what to do about offshore drilling. a lot of this stuff comes and go so quickly that they don't hear the other side, they don't feel pressure from the other side. and they do have to raise money, and they live within this system where every day they are going out, doing fundraisers, lobbyists are at the fundraisers giving them money. these are the people they talk to, they listen to. it's almost an and ecological problem as much as one of laws and legal decisions. so it's really, the key take away here is for anything to change for there to be a constitutional amendment, any laws passed or even a cultural shift that will cause of candidates to be less able to take money. there has to be a shift in outlook sentiment. you have to be -- you can't stop it all. it has to be kind of shameful. if an umpire left a baseball game and then there was a story the next day saying that they had taken money from one side, from one set of playe
because people look at them for some big boats, big on health care reform or some other big matters, on what to do about epa regulation over osha regulations, what to do about offshore drilling. a lot of this stuff comes and go so quickly that they don't hear the other side, they don't feel pressure from the other side. and they do have to raise money, and they live within this system where every day they are going out, doing fundraisers, lobbyists are at the fundraisers giving them money....
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nations, saying that this horrific act would take place against the people of libya, is just i think a big mistake. and it would undermine u.s. foreign policy that's been consistent since 1949 when nato was established. so i urge a no vote on this amendment. the chair: the gentleman yields back the balance of his time. mr. dicks: i yield back the balance of my time. the chair: no further speakers. the question is on the amendment offered by the gentleman from california. those in favor say aye. those opposed, no. in the opinion of the chair, the noes have it. mr. sherman: on that i request a recorded vote. the chair: pursuant to clause 6 of rule 18, further proceedings on the amendment offered by the gentleman from california are postponed. for what purpose does the gentleman from california rise? >> mr. chairman, i rise in support of my amendment which is at the desk. the chair: the clerk will report the amendment. the clerk: amendment offered by mr. rohrabacher of california. at the end of the bill before the short title add the following, section, none of the funds made available by thi
nations, saying that this horrific act would take place against the people of libya, is just i think a big mistake. and it would undermine u.s. foreign policy that's been consistent since 1949 when nato was established. so i urge a no vote on this amendment. the chair: the gentleman yields back the balance of his time. mr. dicks: i yield back the balance of my time. the chair: no further speakers. the question is on the amendment offered by the gentleman from california. those in favor say aye....
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i hope they think big. i hope they swing for the fences and get a result and bring it back to us and let us consider it and hopefully -- hopefully enact it and get on to other things. we -- the debt is a major long-term problem, not just for our grandchildren but for us today. we have a bigger issue facing us, and that is the fact that we have had persistent unemployment in an economy that's not growing, and that's hurting too many people. so the sooner we swing for the fences and get a result and get our debt under control and deal with it in a bipartisan way, the better for the country and the quicker we will be able to get on to the larger question of jobs. of course, economists have made it clear to us that getting the debt under control has a lot to do with jobs, that when our total debt is as high as it is today, nearly 100% of our gross domestic product, that that probably costs us a million jobs a year. we can't solve all that in one day or one month, but we can take a big step in the right directio
i hope they think big. i hope they swing for the fences and get a result and bring it back to us and let us consider it and hopefully -- hopefully enact it and get on to other things. we -- the debt is a major long-term problem, not just for our grandchildren but for us today. we have a bigger issue facing us, and that is the fact that we have had persistent unemployment in an economy that's not growing, and that's hurting too many people. so the sooner we swing for the fences and get a result...
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you know, you are a big deal, man! you are a big star. and you are an emmy winner, right? >> yes. >> stephen: me, too. >> i got one of those over there, too see my emmy, got a flack jacket on. >> got it nicely display there'd. >> stephen: have you ever won a peabody? >> no. >> stephen: i got one over there. just wanted to put that out there. >> what is that? >> stephen: what is that right there? an hourglass. the grim reaper gave it to me. [laughter] sir, everybody knows that you are an adad my award winning actor begun director producer. apollo 13, forest gump, of mice and men. steppenwolf in chicago. you've got a new project called the lieutenant dan band for the common good. you have a band named after your character in forest gump. you've been all over the world performing for our troops in uso shows which i admire. [cheers and applause] i think more people -- [cheers and applause] i think more entertainers should go out there and do that. >> i do, too. i think so. i have a great time doing it. there's nothing better than to get out in and support the men and women ser
you know, you are a big deal, man! you are a big star. and you are an emmy winner, right? >> yes. >> stephen: me, too. >> i got one of those over there, too see my emmy, got a flack jacket on. >> got it nicely display there'd. >> stephen: have you ever won a peabody? >> no. >> stephen: i got one over there. just wanted to put that out there. >> what is that? >> stephen: what is that right there? an hourglass. the grim reaper gave it to me....
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one is to look back in history when we've had big problems and sotions. came up with big solutions. the 1980's are a particular timg i was in the state legislaturein then and it was happening in yed washington. when i was 39 years old in 1983 ronald reagan and tip o'neill had a meeting at the whiteal house. i wasn't there but allegedly ith went something like this. the president said social security's going broke in about 20 years we just got a report. .e need to fix it. agree o'neill said i agree.to wor i'm going to work on it but i'm wi not willing llto raise the tax d o'neill said i'm willing to to k work, but i don't want to cut the benefit.ooked at the the actuary and said what we dos you push the eligibility out and get the system back in the actuarial soundness. 1 i was 39 in 1983. i would have been collecting age social security at 65 in 2010gan yut because reagan and o'nealhe got to get ready pushed mye y eligibility out by one year to age 66, 65 and now incrementally goes up two years to 67 in a few years. that's the system and actuarial7 soundness for 67 years.dden i agai
one is to look back in history when we've had big problems and sotions. came up with big solutions. the 1980's are a particular timg i was in the state legislaturein then and it was happening in yed washington. when i was 39 years old in 1983 ronald reagan and tip o'neill had a meeting at the whiteal house. i wasn't there but allegedly ith went something like this. the president said social security's going broke in about 20 years we just got a report. .e need to fix it. agree o'neill said i...
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rumbling last night as word leaked from the white house the president obama would be pushing for a big deal to bring an end to debt negotiations and appease republicans by tying it to budget cuts that deal would include three trillion in cuts one trillion and revenue increases cuts to social security medicare and medicaid also included those long considered off the table by democrats a report say the democratic leadership was stunned a dozen members of the congressional progressive caucus wrote a letter to the president asking him drew fuz cuts to the sake of programs and then the white house started walking back last night's reports the story is really not new it all the president has in fact essentially was written. back when the president delivered his state of the union address and he talked about his openness to doing things to strengthen social security. benefits. so now the rhetoric is about strengthening social security but for the left is the president already made the final capitulation and why is all of the talk shifted from jobs to deficit when twenty five million americans
rumbling last night as word leaked from the white house the president obama would be pushing for a big deal to bring an end to debt negotiations and appease republicans by tying it to budget cuts that deal would include three trillion in cuts one trillion and revenue increases cuts to social security medicare and medicaid also included those long considered off the table by democrats a report say the democratic leadership was stunned a dozen members of the congressional progressive caucus wrote...
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and here's what's coming up tonight on the big picture the debt deadline draws closer and closer yet republicans are stepping farther and farther away from the negotiating table the republican party actually forced the united states into default just to protect their billionaire billionaire buddies are well more moderate voices in the party and as much as the republicans would like to argue how corporate taxes are destroying our economy truth be told there are not the truth about corporate taxes will be revealed in rides alone liberal rubble. you need to know this another day another step closer to default and enough another debt limit negotiations set for this week and every state yesterday president obama squashed the idea of a short term debt limit increase killing republican hopes to kick the can down the road and going to election year on republicans would have even more leverage and then called for another meeting later this week with congressional leaders on both sides of the aisle to reach a long term debt limit deal a deal president obama is pushing for includes closing tax
and here's what's coming up tonight on the big picture the debt deadline draws closer and closer yet republicans are stepping farther and farther away from the negotiating table the republican party actually forced the united states into default just to protect their billionaire billionaire buddies are well more moderate voices in the party and as much as the republicans would like to argue how corporate taxes are destroying our economy truth be told there are not the truth about corporate...
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in his big interview after the game, here comes a gatorade. oh, nice move. we now move again to the shaving cream. swiss and a miss. he can't be that quick, can he? finally, fatigue set in. he said, let me have it. mike stanton did his best, but in the end he still got creamed. that's your early look at sports on "early today." i'm fred roggin. >> narrator: early today sports is brought to you by touch of gray. get rid of some gray, never all. >>> one star names her baby, and reports an ex-super couple has reunited. your entertainment headlines are straight ahead. >>> plus, they're coming to america, but are they ready for hollywood? coming up, a not so prim and proper tribute to the royal couple. you're watching "early today." >>> welcome back to "early today." your thursday forecast, not too dramatic. showers and thunderstorms are possible in the inner mountain west. the humidity is up in areas like phoenix and tucson. that's why we are sparking storms late in the day. same for vegas. a little dry in much of california, but just a slight chance for a showe
in his big interview after the game, here comes a gatorade. oh, nice move. we now move again to the shaving cream. swiss and a miss. he can't be that quick, can he? finally, fatigue set in. he said, let me have it. mike stanton did his best, but in the end he still got creamed. that's your early look at sports on "early today." i'm fred roggin. >> narrator: early today sports is brought to you by touch of gray. get rid of some gray, never all. >>> one star names her...
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of course they'd be in big trouble. and the senate is not in trouble but the country is in trouble because the senate is not doing its job and neither the house nor the senate did its job in the last congress for the first time ever and that's how we go into three years since we had a work document that we should have to work with. and what do we do this week? the disappointment to all three of us is we said we wanted to stay this week and deal with these issues. we started out trying to deal with the libya resolution which apparently wasn't important enough to deal with last thursday when we were going to take a week to work in our states. and then when people on the republican side said we really think we ought to be debating the reason we were supposed to stay, we still don't do that. we have this amendment -- i think it was supposed to be and is a sense of the senate that millionaires aren't paying enough taxes. now, we all understand -- we all understand the politics of that, just like we understand the politics of
of course they'd be in big trouble. and the senate is not in trouble but the country is in trouble because the senate is not doing its job and neither the house nor the senate did its job in the last congress for the first time ever and that's how we go into three years since we had a work document that we should have to work with. and what do we do this week? the disappointment to all three of us is we said we wanted to stay this week and deal with these issues. we started out trying to deal...
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and that safes them a pretty big -- saves them a pretty big tax bill. we're already initiating a bunch of steps. the biggest challenge i hear from small businesses now has to do with financing because a lot of small businesses got their financing from community banks. typically they are not getting them from the big wall street banks but they are getting them from the various region a.m. banks in their communities. a lot of those banks >> pretty overextended in the commercial real estate market which has been hammered. a lot of them are still digging themselves out of bad loans that they made that were shown to be bad during the recession. what we tried to do is get the small business administration, the federal agency that helps small businesses to step in and to provide more financing. you know, waiving fees, seeing if we can lower interest rates in some cases, making sure that the threshold for companies that qualify for loans are more generous and that has helped a lot of small businesses all across the country and this is another example of where w
and that safes them a pretty big -- saves them a pretty big tax bill. we're already initiating a bunch of steps. the biggest challenge i hear from small businesses now has to do with financing because a lot of small businesses got their financing from community banks. typically they are not getting them from the big wall street banks but they are getting them from the various region a.m. banks in their communities. a lot of those banks >> pretty overextended in the commercial real estate...
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big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. we inspect your air filter, cabin filter. there's bugs, leaves, lint, crud. you'll be breathing that. i do believe it's part of a locust. make sure your alignments good. your brakes are good. you've got all sorts different things that you check off. your fluid levels. pretty much everything you could need. it gets done. it gets done quickly. and it gets done correctly. the works fuel saver package, just $29.95 or less after rebate. only at your ford dealer. you're a doctor. you're a car doctor. maybe a car doctor. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked, we won't just match it. we'll give you $50 towards your next trip. [ gnome ] it's go time. we'll give you $50 towards y
big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. we inspect your air filter, cabin filter. there's bugs, leaves, lint, crud. you'll be breathing that. i do believe it's part of a locust. make sure your alignments good. your brakes are good. you've got all sorts different things that...
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a big fat liar. that's their opening. here's the deal. she walks in today and doesn't have to trick anybody anymore, doesn't have to play to a crowd. during the trial when they are trying to distance her from that image, from that trampy, vampy pictures that we saw, there's no makeup and the hair is pulled back very severely and the prominent ears are out and she's looking all, you know, down in the dumps and oh, poor me, woe is me. not smiling. this morning when nobody is watching that matters, out she comes with -- and she sat there the whole time and played with that hair, the whole time. >> wasn't she just relieved in the woman's life was on the line a couple days, could it be that she's relieved? >> it could be, but when you're dealing with somebody with sociopathic tendencies, it's about being invisible. the lies worked. it worked. she's relieved. i mean, come on, wouldn't you be, i mean, seriously? if i was facing the death penalty, i would have been puking on the table, let's face it, you kno
a big fat liar. that's their opening. here's the deal. she walks in today and doesn't have to trick anybody anymore, doesn't have to play to a crowd. during the trial when they are trying to distance her from that image, from that trampy, vampy pictures that we saw, there's no makeup and the hair is pulled back very severely and the prominent ears are out and she's looking all, you know, down in the dumps and oh, poor me, woe is me. not smiling. this morning when nobody is watching that...
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that's a big fog bank there. there is not only an onshore win, but when it makes it out to vacaville, which it did, that's a sign things are changing. the reason being a system from the gulf of alaska. but it takes a few days to get this high-pressure system and bump it along an i've seen outlooks that move it right in the middle of the country. low clouds, sunny, breezy. back to average on the temperatures. cooler inland temperatures continue. but still holding on a few locations to the 90s. it will take tomorrow and saturday probably some time. danville, san ramon. 8. pretty good breeze picking out. -- kicking out. 6 berkeley. temperatures have been extremely tough this week. forecast models have mott had a good handle -- have not had a good handle on it. hear's a lot of fog out there -- there is a out there. and the temperatures will be 60s, 7s and 80s -- 70s and 80s as we head to the week. >>> a mu plan to end the death penalty -- a new plan to enthe death penalty. >>> and the new job elizabeth smart is takin
that's a big fog bank there. there is not only an onshore win, but when it makes it out to vacaville, which it did, that's a sign things are changing. the reason being a system from the gulf of alaska. but it takes a few days to get this high-pressure system and bump it along an i've seen outlooks that move it right in the middle of the country. low clouds, sunny, breezy. back to average on the temperatures. cooler inland temperatures continue. but still holding on a few locations to the 90s....
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big question about the weather, whether or not that will cooperate. our john zarrella is covering the launch at kennedy space center and he's talked with the crew. reynolds wolf is tracking the weather near kennedy space center. john, we'll talk about you first. tell us about the crew. are they ready? are they excited? >> reporter: this crew at one point didn't even think they would be the last crew. the "discovery" crew and then "endeavour" and then nasa added this flight. this was supposed to be a rescue shuttle if the others got in trouble but nasa decided, you know what, we have all these extra parts left, a vehicle that can fly, why not fly it? so, that's what the determination was made. and then suddenly this crew found themselves not being a backup on need crew but the prime crew and now they are flying the final shuttle. they have become known as the final four. >> beautiful shuttle. beautiful day. >> reporter: you guys are going to be the last shuttle flight. what's going through your mind? are you going, oh, man, you know, why me or is it li
big question about the weather, whether or not that will cooperate. our john zarrella is covering the launch at kennedy space center and he's talked with the crew. reynolds wolf is tracking the weather near kennedy space center. john, we'll talk about you first. tell us about the crew. are they ready? are they excited? >> reporter: this crew at one point didn't even think they would be the last crew. the "discovery" crew and then "endeavour" and then nasa added this...
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>> i don't think a big surprise. my thought they would go back a few weeks or a month maybe rather than getting out absolutely today. >> jack ford, thanks. good to see you. over to jeff glor at the news desk woot cheith another check r headlines. >>> overseas a frightening roof collapse at a soccer stadium. happened during renovation work at a stadium in the netherlands. one person was killed there and at least 13 others were hurt. you can see what happened. no match was being played at the stadium at the time of the collapse but we said renovation work was being done. >>> that phone hacking scandal in britain appears to be getting worse by the day. now telephone numbers of families of soldiers killed in iraq and afghanistan have been found in the files of an investigator working for news of the world. in the meantime, on today's anniversary of the terror attack on london's transit system, there are claims the paper also hacked into mobile phones of families of terror victims. the paper already is under fire for alle
>> i don't think a big surprise. my thought they would go back a few weeks or a month maybe rather than getting out absolutely today. >> jack ford, thanks. good to see you. over to jeff glor at the news desk woot cheith another check r headlines. >>> overseas a frightening roof collapse at a soccer stadium. happened during renovation work at a stadium in the netherlands. one person was killed there and at least 13 others were hurt. you can see what happened. no match was...
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and it's a big, big interview. you say that she is one of the most remarkable figures you met. >> you cannot not be affected by it. but you can transfer it into a new way to look another life every day. that's what she does. ? is she naive? >> no. and she looks with unflinching clarity of what was done to her. the handcuffs. the sexual abuse. she talks about it. she tells about it. but at the end of the day she says he's not going to own me. i will stare it down. and i will not be afraid. >> one of the things that is so remarkable about this story aside from the 18 years of captivity is that she gave birth to 2 babies in that backyard. giving birth is a scary thing. did she do this by herself? >> again, she didn't -- she had no medicare care. she had the garridos who were holding her hostage there. >> but did they help her? >> well, they helped her. but they studied videos to learn how to do it. and as she tells it and you'll see the night on "world news," she'll speak for the first time, you will hear emotionally
and it's a big, big interview. you say that she is one of the most remarkable figures you met. >> you cannot not be affected by it. but you can transfer it into a new way to look another life every day. that's what she does. ? is she naive? >> no. and she looks with unflinching clarity of what was done to her. the handcuffs. the sexual abuse. she talks about it. she tells about it. but at the end of the day she says he's not going to own me. i will stare it down. and i will not be...
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that seems to be their big mantra the last week or so. i would say okay. the rich can bear more of the burden. why don't we have the rich bear full cost of their medicare and take reduced social security benefits? that is the way the rich can absorb more of the burden. but i don't want to increase taxes. because even if you tack rich people or corporations, it really is taxing everyone because you'll have less jobs and it will hurt the economy. the reason tax revenue's down is that we're growing at such a slow rate. if we could grow again, if our economy could get out of the recession we'd have plenty of revenue. >> on the tax issue then, you have no wiggle room the because the president made the case today look what big clinton did in the 1990s. he raised taxes on wealthy americans and the economy was booming. george bush cut them and we had a more sluggish economy. the current president makes the case bill clinton is proof if you have modest taxes on the rich it won't have the impact on job growth. >> two weeks ago most republicans vote today get rid of
that seems to be their big mantra the last week or so. i would say okay. the rich can bear more of the burden. why don't we have the rich bear full cost of their medicare and take reduced social security benefits? that is the way the rich can absorb more of the burden. but i don't want to increase taxes. because even if you tack rich people or corporations, it really is taxing everyone because you'll have less jobs and it will hurt the economy. the reason tax revenue's down is that we're...
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some of the big negotiations, i think the real big players here, everyone knows this, president obama and house speaker john boehner. boehner will come with his deputy eric cantor and things they have been demanding no tax increases. this is what they have said and what the impasse has been over. however, here is a change from yesterday. the majority leader eric cantor indicating that he would be open to closing tax loopholes if her offset by tax cuts. we will see where that goes. house democrats because the sense is there will be votes needed from house republicans and the house democrats in order to get this passed. they said they want some tax increases and want to close tax loopholes because what they want is balanced approach we heard president obama say this, everyone is going to have to make sacrifices, as you said. democrats are demanding that it is not just in their words the poor and the elderly. they want to make sure it is balanced with corporations and wealthy americans making sacrifices as well. >> dick durbin was talking yesterday about the mortgage interest deduction.
some of the big negotiations, i think the real big players here, everyone knows this, president obama and house speaker john boehner. boehner will come with his deputy eric cantor and things they have been demanding no tax increases. this is what they have said and what the impasse has been over. however, here is a change from yesterday. the majority leader eric cantor indicating that he would be open to closing tax loopholes if her offset by tax cuts. we will see where that goes. house...
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the white house seems like they're chasing the big fish. we need the level of commitment that the president is demonstrating on tax increases to be used on deficit reduction and getting this economy back and under control. the question that has to be asked and has to be answered is when will this white house recognize that it is their very policies that are creating the obstacle of job creation? >> can you pass a deal as it requires to major entitlement reform? just a few weeks ahead of this deadline? >> everything is on the table, except raising taxes on the american people. >> speaker, are you closer to a deal now than you were two weeks ago? do you think it's going to have to come down to a meeting -- >> the conversations have gone on for weeks. both with the biden group and between the president and myself. but there is no agreement. >> is comprehensive tax reform possible -- >> we believe it would make america more competitive, help create jobs in our country, and it's something that is under discussion. >> [inaudible] >> we are not in
the white house seems like they're chasing the big fish. we need the level of commitment that the president is demonstrating on tax increases to be used on deficit reduction and getting this economy back and under control. the question that has to be asked and has to be answered is when will this white house recognize that it is their very policies that are creating the obstacle of job creation? >> can you pass a deal as it requires to major entitlement reform? just a few weeks ahead of...
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but what's the big difference? the big difference is it takes being a very wealthy individual or a very big corporation to be able to take advantage of those tricks, to be able to hire a lobbyist who can build that trick into the tax code and to have the revenues and the resources to be able to maneuver through the tax code that way. ordinary americans don't do that. you can ask pretty much anybody in rhode island, show them the thousands of pages of the internal revenue code and ask them who's got a special provision in it for you. nobody does. they're regular americans. they pay regular taxes. they do things the way they're supposed to be done. the gimmicks and the tricks are all at the upper end. and it's time to clean house action particularly now when we so badly need the revenues to balance our budget. mr. president, it is inexcusable that our taxpayers allows billionaires to pay less taxes than truck drivers. even if we had no budget deficits, just being fair, just honoring the principle of equality would de
but what's the big difference? the big difference is it takes being a very wealthy individual or a very big corporation to be able to take advantage of those tricks, to be able to hire a lobbyist who can build that trick into the tax code and to have the revenues and the resources to be able to maneuver through the tax code that way. ordinary americans don't do that. you can ask pretty much anybody in rhode island, show them the thousands of pages of the internal revenue code and ask them who's...